1. If you deposit $3,744 in a bank account that pays 7.14% interest compounded quarterly, how much do you expect to have in your bank account balance at the end of 3 years?

2. If you plan to buy a Play Station, which will cost you $418, in 3 years. How much do you need to deposit today? Assume the bank will pay you 5.38% compounded annually.

Please round your answer to the second decimal without dollar sign. (e.g. 0.00)

3. If you deposit $2,058 in a bank account that pays weekly interests and expect to receive $5,647 in 9 years, what is the annual interest rate that bank pays?

4. You are considering to get a credit card that charges APR of 24.75% interest compounded monthly. What is the effect annual rate (EAR) for this credit card?

5. You want to save to buy a new massage chair for your parents that costs $849. Therefore, you deposit $616 into a bank that pays 8.38% interest compounded QUARTERLY. How many QUARTERS will it take to buy the massage chair